Today Technical Analysis: Intense selling on gold brings the precious metal down to $4,105

Gold Technical Analysis

Gold remains under short-term bearish pressure, trading around $4,131 after another decline toward $4,104. Price is below the three moving averages MA5, MA10 and MA20, while the moving averages remain bearishly aligned.

Immediate support is at $4,104, followed by $4,093. On the upside, resistance is around $4,145, followed by $4,165–$4,175 and the stronger $4,200–$4,225 zone.

The recent price action shows repeated selling pressure and lower highs. A sustained break below $4,104 would strengthen the bearish outlook, while reclaiming $4,165–$4,175 would be the first sign of meaningful recovery.

Gold 1H Chart

Source: STARTRADER app | Higher yields keep gold prices under pressure

Brent Technical Analysis

Brent crude is showing a bearish short-term structure, trading around $104.14 after falling from the $108.43 area. Price is below the MA5, MA10 and MA20, with the short-term averages turning lower.

Immediate support is around $103.27, followed by the recent low near $101.95. Resistance is around $105.20, followed by $106.00–$107.10.

The latest strong bearish candle reinforces the downside pressure. Unless Brent can reclaim $105.20, the technical bias remains bearish, with a break below $103.27 potentially exposing the $101.95 area.

Brent 1H Chart

Source: STARTRADER app | Oil prices fall slightly on strong exports from the gulf

Nasdaq Technical Analysis

Nasdaq 100 remains strongly bullish on the 1-hour chart, trading around 31,178 after reaching a fresh high of 31,200. Price is comfortably above the MA5, MA10 and MA20, with all three averages positively aligned.Immediate resistance is at 31,200–31,280. A sustained break above 31,200 would reinforce the bullish momentum and potentially open the way toward 31,300. Support is around 31,145, followed by 31,017 and 30,750.

Nasdaq 1H Chart

Source: STARTRADER app | Nasdaq 100 breaks another record high driven by AI stocks

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